Darryl C. Murphy, writing on October 2 on WHYY PBS, reports that an independent feasibility study commissioned by the City of Philadelphia has recommended the creation of a public bank that would allow city government to loan directly to small businesses. The 50-page report suggests that such a bank could allow America’s poorest big city to use […]
Monthly Archives: October 2020
4 posts
Town Hall panelists will examine how a public bank could become a real financial lifeline to struggling Ohio communities desperate for funds, staving off economic disaster and jump-starting the new economy.
Devika Dutt of PERI explains the gap between common economic thinking, which favors private ownership of banks, and the data.
Earlier this summer, a round table discussion on public banking in New York state revealed much of the potential of a public bank for stabilizing finances in a region. Check out the video on Facebook (2 hours) https://www.facebook.com/jamessandersjrNY/videos/3187695044582823/?tn=R*F